International banks refuse to do business with US citizens. Renunciation of American citizenship on the rise.FBI agents training with assault rifles.

If it sounds like Hollywood's newest thriller, it's not. Brought to you by FATCA and FBAR, the financial landscape is changing for American citizens who thought their foreign assets were safe from the eyes of the IRS.

As part of the increasing efforts of the Israeli Tax Authorities (“ITA”) to detect tax evaders and to expose unreported worldwide income of Israeli tax residents, the ITA has published today a New Voluntary Disclosure Program which will replace the current program.